Is Saudi Chemical (2070) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 47.0% / 30% | 8.6% / 30% | 36.5% / 30% | 0.46% / 5% | ✗ NOT HALAL |
| DJIM | 47.0% / 33% | 8.6% / 33% | 36.5% / 33% | 0.46% / 5% | ✗ NOT HALAL |
| MSCI | 35.0% / 33% | 6.4% / 33% | 27.2% / 33% | 0.46% / 5% | ✗ NOT HALAL |
| S&P | 47.0% / 33% | 8.6% / 33% | 36.5% / 33% | 0.46% / 5% | ✗ NOT HALAL |
| FTSE | 35.0% / 33% | 6.4% / 33% | 27.2% / 50% | 0.46% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 47.4% | |
| Operating Margin | 17.7% | |
| Net Margin | 7.6% | |
| Return on Equity (ROE) | 8.3% | |
| Return on Assets (ROA) | 2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$331M |
| Free Cash Flow | -$433M |
| Total Debt | $1.5B |
| Debt-to-Equity | 83.7 |
| Current Ratio | 1.4 |
| Total Assets | $4.3B |
Price & Trading
| Last Close | SAR 29.94 |
| 50-Day MA | SAR 28.49 |
| 200-Day MA | SAR 27.61 |
| Avg Volume | 323K |
| Beta | 0.7 |
|
52-Week Range
SAR 20.94
| |
About Saudi Chemical (2070)
Saudi Pharmaceutical Industries and Medical Appliances Corporation develops, manufactures, and markets medicinal and pharmaceutical products in the Kingdom of Saudi Arabia, the Middle East, Egypt, and Morocco. The company operates through Pharmaceutical Manufacturing, Trading and Distribution Services, and Healthcare Services segments. The company is involved in the sale, marketing, and distribution of pharmaceutical, veterinary, medical equipment, and cosmetics products; and operates and maintains a secondary care hospital. In addition, it manufactures human medicines, and wholesales and retails of medicines and related products. Further, the company engages in the research and development of medical science activities, and investment business in related industries. The company was incorporated in 1986 and is headquartered in Buraydah, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
Is Saudi Chemical (2070) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Saudi Chemical is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Saudi Chemical's debt ratio?
Saudi Chemical's debt ratio is 47.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 35.0%.
What are Saudi Chemical's key financial metrics?
Saudi Chemical has a market capitalization of $3.7B, trailing P/E ratio of 28.4, and revenue of $1.7B. The company maintains a gross margin of 47.4% and a net margin of 7.6%. Return on equity stands at 8.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.